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GOCC reforms have improved performance since 2011 — ADB

GOVERNMENT-OWNED and -controlled corporations (GOCCs) performed better following reforms that centralized governance and enhanced transparency, the Asian Development Bank (ADB) said.

“The effect of the centralization of GOCC ownership and the associated performance management, transparency, and accountability reforms have been significant,” the ADB said in its state-owned enterprise (SOEs) reform handbook issued on Feb. 12.

The bank said 50 GOCCs were abolished, merged, or deactivated as of 2022.

At the same time, GOCCs posted improved income and dividends.

The Bureau of the Treasury reported that P136.29 billion in dividends were remitted by 52 GOCCs as of Dec. 9.

This exceeded the P100 billion target for 2024 and were up 35% year on year.

The ADB also said that during the pandemic, GOCC revenue grew to $27.25 billion in 2021 from $11.3 billion in 2011.

“There were also increases in performance on nonfinancial measures. Stakeholder satisfaction surveys showed an improvement in GOCC performance among key stakeholders, presumably because of the performance scorecard system,” it said.

It was referring to the corporate governance scorecards issued to 84 SOEs by the Institute for Corporate Directors.

It said the performance of GOCCs was “on par or even better than private sector equivalents.”

In addition, the state-run firms also became more effective implementors of government programs by drawing on private sector expertise and capital through public-private partnerships (PPPs), the ADB said.

These projects included health, water, airport, and electricity works.

Additionally, PPP projects are planned to include GOCC port, urban development, and renewable energy initiatives.

“GOCCs have had a history of poor performance, being directed by multiple ministries and subject to political and noncommercial directives, creating inefficiencies and substantial debt burdens for the economy,” it said.

The ADB said that the state-run firms were “compelled to refrain from increasing prices for their services such as public transportation fares — and to be lenient in collecting unpaid fees — like agricultural water usage charges — to avoid public backlash.”

These were later addressed through the GOCC Governance Reform Act or Republic Act No. 101049 in 2011.

It led to the creation of the Governance Commission for GOCCs (GCG), which oversees and sets policy and management guidance for the state-run firms.

The current issue involving GOCC governance involves how the government accesses the corporations’ funds over and above the dividends, it said.

The Supreme Court issued a restraining order against the transfer of P89.9 billion from the reserves of the Philippine Health Insurance Corp. (PhilHealth) to the Treasury, after the P60 billion had been remitted.

The High Court will hear oral arguments on the transfers until Feb. 25. — Aubrey Rose A. Inosante

Palay farmgate prices fall 17% in Jan.

A farmer threshes newly harvested palay grains at a ricefield in Mogpog, Marinduque in central Philippines, March 22, 2016. — REUTERS

THE FARMGATE PRICE of unmilled rice (palay) fell 17% year on year in January to an average of P20.69 per kilogram, after rice imports hit record levels last year.

Month on month, the palay farmgate price fell 0.05% to an average of P20.70, the Philippine Statistics Authority (PSA) said in a report.

The PSA said all regions except the Eastern Visayas reported falling prices on average in the 12 months to January 2025.

Month on month, only seven of the 16 regions posted growth in average farmgate prices — Cagayan Valley, Calabarzon, Mimaropa, Bicol, Central Visayas, Eastern Visayas, Soccsksargen, and Caraga.

The highest palay prices in January were posted by the Eastern Visayas, where palay prices rose 28.4% year on year and 7.0% month on month to P24.79 per kilo.

The lowest farmgate price was recorded in Calabarzon at P17.41 per kilo from P23.55 per kilo, down 26.1% year on year.

The biggest decline was logged by Cagayan Valley at 26.8%, with its average farmgate price falling to P20.37 from P27.84 per kilo.

The Department of Agriculture (DA) has said that it can “purchase more from farmers as palay prices this year averaged P21 to P23 per kilo compared with P27 per kilo in 2024.

The DA lowered the price of National Food Authority (NFA) rice to P35 per kilo, days after declaring a food security emergency due to an “extraordinary” spike in the price of the grain, despite lower tariffs for imports.

“That is expected given the huge inflow of imports in 2024 coupled with the reduction in tariffs and the softening of international prices,” Raul Q. Montemayor, national manager of the Federation of Free Farmers Cooperatives, Inc., said via Viber.

“We hope that the DA will be as concerned about this as they are with rice retail prices.”

The DA last month said it was expecting the palay harvest to exceed 20 million MT this year.

In 2024, rice imports hit a record 4.68 million metric tons (MMT), against 3.6 MMT a year earlier.

Mr. Montemayor said palay production in 2024 declined by 972,427 MT, equivalent to 612,628 MT of rice.

“But the country imported about 1.2 million MT more than what it bought abroad in 2023.

So, the decline in local production was more than offset by imports by around 600,000 tons.”

The national rice inventory rose to 2.16 MMT in January, up 6.4% year-on-year.

Month on month, the rice inventory declined 15.7% from 2.56 MMT in December.

President Ferdinand R. Marcos, Jr. last year issued an executive order lowering the tariff on imported rice to 15% from 35%.

“One of our arguments in rejecting the order is its direct impact of reduced palay prices as traders and millers will have to contend with rice imports flooding the market,”  Samahang Industriya ng Agrikultura  executive director Jayson H. Cainglet said via Viber.

“We hope that under the food security emergency declaration, the DA through the NFA can procure more than the 15-day mandate to about 30 days buffer stock at the guaranteed price of P23 per kilo,” he said.

“A 30-day buffer stock would also be equivalent to 7-8% of rice consumption, and enhanced ability on the government’s part to intervene in the market to reduce rice prices,” he added.

The DA said Tuesday that economic managers owill soon review the tariff order to “assess whether it needs to be adjusted.”

It said Secretary Francisco Tiu Laurel, Jr. is “only inclined to recommend a revision of the current tariff level if retail prices of imported rice ease to the P42-P45 per kilo range.” — Kyle Aristophere T. Atienza

AI, finance to remain high-demand fields

FREEPIK

THE JOB MARKET will feature strong demand for technology-driven roles, finance professionals, and healthcare workers, according to JobStreet by SEEK.

Henry Jose C. Yusingco, Head of Marketing at JobStreet by SEEK, said that candidate shortages persist in those fields, as well as in business processing outsourcing (BPO).

“There is still a huge demand for information technology (IT) talent, which includes programming, artificial intelligence (AI), machine learning, and productivity software applications. Data science and analytics are also emerging as key areas of focus,” he told BusinessWorld.

Finance remains strong due to the rise of financial technology (fintech) applications, like e-wallets, GCash and Maya.

Beyond purely tech roles, Mr. Yusingco noted a growing need for professionals adept in AI-powered tools.

“Marketing, for example – some people are already looking for marketers that have an AI background,” he said. “Let’s say, an AI artist. That’s usually part of the marketing sphere. A graphic artist or a designer is usually skilled in Adobe or Canva. But now, they’re slowly moving towards roles that have an inclination towards AI.”

Soft skills remain a key component of employability, in addition to technical expertise, Mr. Yusingco noted.

With the Department of Education (DepEd) set to integrate soft skills into the new K-12 curriculum this June, he highlighted the importance of critical thinking, communication, and adaptability.

Employers value workers who can think critically, communicate effectively, and work collaboratively, he noted, adding that such skills set humans apart from computers. — Chloe Mari A. Hufana

Market operator expecting power spot price hike during dry season

ANDREY METELEV-UNSPLASH

THE INDEPENDENT Electricity Market Operator of the Philippines, Inc. (IEMOP) is projecting an increase in power prices at the Wholesale Electricity Spot Market (WESM) during the dry season due to higher demand.

“Of course, it’s warmer… we can see that there will be an increase in demand. So, therefore, there will be an increase in prices,” Chris Warren C. Manalo, assistant manager at IEMOP’s market simulation and analysis division, told reporters at a briefing.

Mr. Manalo said that spot prices for February will be level with January rates as the cold weather will keep demand in check.

However, compared with last year when the Philippines was experiencing El Niño, this year’s power demand could be further dampened by La Niña, according to Isidro E. Cacho, Jr., IEMOP’s head of trading operations.

“Generally, the demand will increase because of summer but compared with last year, possibly will not reach last year’s peak,” Mr. Cacho said.

With the economy growing, he said that the committed power plants coming online are expected to contribute to supply.

“That means more stable prices, especially now that the reserve market is also providing more secure and stable transmission and supply of power,” he said.

IEMOP operates the WESM, where energy companies can buy power when their long-term contracted power supply is insufficient for customer needs.

For January, the average spot price declined by 14.3% to P2.96 per kilowatt-hour (kW), which IEMOP said was the lowest average price recorded since January 2023. It attributed this to the relatively high supply margin following low system demand as temperatures cooled.

IEMOP recorded a high of P8.50 per kWh in the May 2023 average rate, when system-wide demand was 13,949 megawatts. WESM operations started in Mindanao in the same year.

“We hope that this year, our issues with congestion are resolved with all the new transmission lines that have been committed by NGCP (National Grid Corp. of the Philippines). We expect this will expand even further this year,” Mr. Cacho said. — Sheldeen Joy Talavera

Bakeries cite need to raise prices if wages hiked

PHILIPPINE STAR/ MICHAEL VARCAS

THE BAKING INDUSTRY said it wants the government to allow bread prices to rise if a proposed P200 blanket wage hike goes ahead.

Filipino-Chinese Bakery Association, Inc. (FCBAI) President Christopher C. Ah said at a briefing: “As long as the government helps us in gradually increasing our prices so that our consumer will not get hurt.”

The briefing was called to discuss the industry’s outlook. Mr. Ah said he is confident about growth this year due to growing demand and the government’s support.

“We are okay as long as the government supports us,” he said Thursday.

“Bread stays a staple for us (Filipinos). And what is good about the industry is that our bakers are becoming more innovative,” he added, citing moves to sell bread online.

“It started during the pandemic when (online selling) boomed,” he added.

He said the industry is in continuous dialogue with the government for support measures like tax breaks and the promotion of healthy breads.

“Our suppliers are being supported by the government; that is why instead of continuously increasing prices, they also control their prices,” Mr. Ah added.

He said price pressures are being dealt with via innovation.

“We have strong partners who teach us how to use new technology, remedies, and solutions,” he said.

He cited the example of alternatives to sugar, which is becoming expensive

“Actually, we are lucky because the Department of Trade and Industry (DTI) came up with Pinoy Tasty,” he added, referring to the standard loaf of sliced sandwich bread, which is price-controlled.

Pinoy Tasty, along with Pinoy Pandesal — the traditional Filipino bread roll — emerged from a joint project between the government and baking industry to formulate affordable bakery products.

The DTI in its suggested retail price (SRP) bulletin on Feb. 1 approved a P2.25 and P4 increase for Pinoy Pandesal and Pinoy Tasty, respectively. This was the first price increase for these products since 2022.

The FCBAI is hoping to address the issues faced by the industry at this year’s Bakery Fair, due to take place on March 6-8 at the World Trade Center.

“We are expecting 30,000 to 35,000 participants for the three days,” Mr. Ah said. — Justine Irish D. Tabile

PHL-Cambodia double-taxation deal seen improving investment, regional trade

REUTERS

THE PHILIPPINES and Cambodia have signed a double-taxation agreement (DTA), which the Department of Finance (DoF) expects to boost foreign investment and trade.

Finance Secretary Ralph G. Recto said in a statement: “The signing of this DTA is a crucial step towards improving the integrity of our tax system.”

“By eliminating tax barriers and ensuring a fair and transparent framework, we are not only attracting greater foreign investment into the Philippines but also reinforcing our trade ties within the region,” he added.

Mr. Recto and Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn signed the DTA on Feb. 11.

It will take effect after ratification by the two countries’ respective legislative bodies.

The deal was reached after three rounds of negotiations, with the final round ending in Manila last year in April.

The DoF said the agreement will eliminate double taxation on income earned in the two countries, deter tax evasion, and enhance economic cooperation, aligning with commitments under the Association of Southeast Asian Nations Forum on Taxation.

The agreement is also expected to reduce fiscal barriers and stimulate bilateral trade and investment.

“Specifically, the agreement covers various aspects of taxation, including income from business profits, dividends, interests, royalties, capital gains, and other sources of revenue, ensuring a fair and efficient tax framework for businesses and individuals operating in both jurisdictions,” it said.

It involves the exchange of tax information and dispute resolution mechanisms in line with the Base Erosion and Profit Shifting  and tax transparency initiatives and standards, the DoF said. — Aubrey Rose A. Inosante

Trade show organizer expects water exhibit buyers to top 12,000

PHILIPPINE STAR/EDD GUMBAN

INTERNATIONAL trade show organizer Informa Markets Asia is expecting its upcoming exhibition to attract over 12,000 trade buyers seeking innovative water technologies and solutions.

“The challenges we face, including water scarcity, pollution and climate change, require innovative solutions and collective action,” Ian Roberts, vice-president of Informa Markets Asia, said in a pre-event briefing Thursday.

“It is within this context that our exhibitors emerge as key players, offering cutting edge technologies and insights that will help us address all of these pressing issues,” he added.

Informa and its partners is preparing for the seventh edition of WATER PHILIPPINES, which highlights supply, sanitation, industrial wastewater treatment, and purification technology, which is set to take place on March 19-21 at the SMX Convention Centre in Pasay City.

The event will feature over 400 exhibitors and companies from more than 30 countries.

Informa has organized 600 trade shows, including seven in the Philippines.

“We’re pushing the government to try and build a bigger exhibition venue here in the Philippines so that we can bring more shows to the Philippines and attract more and more people to the Philippines to spend their money,” Mr. Roberts said.

“We’re very optimistic about the Philippines. We are having more conversations with companies all over the world in many industries who want to come and set up and do business here in the Philippines, and it’s our job to try and work with them,” he added.

Trade show participants include the Philippine Water Works Association, the Philippine Society of Sanitary Engineers, and the National Master Plumbers Association of the Philippines, Inc.

“WATER PHILIPPINES, along with our industry partners and government agencies, is dedicated to providing clean and potable water to every community. We aim to deliver innovative solutions and opportunities for local stakeholders,” Mr. Roberts said. — Sheldeen Joy Talavera

2025 budget release rate hits nearly 65% in Jan.

BW FILE PHOTO

THE DEPARTMENT of Budget and Management (DBM) said 64.9% of the 2025 national budget had been released by the end of January.

According to the Status of Allotment Releases report, the DBM disbursed P4.1 trillion out of the P6.326-trillion budget for the year, leaving P2.22 trillion undistributed.

The pace of release was behind the 77.9% pace of January 2024.

Of the total released, P2.8 trillion went to government agencies, a category that posted a disbursement rate of 75.9%. 

The Department of Public Works and Highways (DPWH) received 41% or P542.88 billion of its P1.088 trillion allocation.

Meanwhile, P109.23 billion was released to Special Purpose Funds and P1.19 trillion went to automatic appropriations.

Citing preliminary data, the DBM said P6.38 trillion was released at the end of 2024, exceeding the P5.768-trillion budget in 2024.

Government agencies received P3.48 trillion or 99.4% of their planned allocation, with a remaining balance of P20.02 billion.

The Special Propose Fund release rate was 96.7% or P490.92 billion.

Automatic appropriations releases totaled P1.74 trillion, including P71.57 billion for government agencies’ retirement and life insurance premiums, P871.38 billion for the National Tax Allotment, and P70.51 billion for the Block Grant.

The DBM said P531.37 billion was disbursed for unprogrammed appropriations (UA).

About P200.03 billion went to “strengthening assistance for government infrastructure and social programs,” with the DPWH receiving P155.88 billion.

In addition, P127.06 billion was disbursed to support foreign-assisted projects and P56.89 billion to pay personnel benefits.

In a separate report, the DBM said that the combined P21-billion National Disaster Risk Reduction and Management Fund and People’s Survival Fund remained untouched in January. — Aubrey Rose A. Inosante

UAAP 87 volleyball tourney

PRESS CON of UAAP Season 87 volleyball tournament

UE vs UP and FEU vs UST kick off volleyball tilt

Games on Saturday
(Mall of Asia Arena)
9 a.m. – UE vs UP (men)
11 a.m. – FEU vs UST (men)
1 p.m. – UE vs UP (women)
3 p.m. – FEU vs UST (women) 

ALL eyes on National University  (NU) as it seeks a back-to-back title feat it failed to achieve two years ago in the highly-anticipated UAAP Season 87 women’s volleyball tournament firing off this Saturday at the Mall of Asia Arena.

The Lady Bulldogs, who ruled the league twice in the last three seasons, still loom as the undisputed favorite and reigning MVP Bella Belen is keen on living up to their lofty billing to keep the tiara in Jhocson — starting against archrival De La Salle University on Sunday.

Led by then Rookie-MVP Ms. Belen, NU snapped a 65-year title drought in 2022, got dethroned right away by La Salle headlined by another Rookie-MVP Angel Canino in 2023 before beating University of Santo Tomas to regain the tiara in 2024.

The Lady Bulldogs are in no illusions that it will be a walk in the park, especially with an expected revenge bid of La Salle and Santo Tomas. Vastly-improved Far Eastern University (FEU), Adamson University led by super rookie and UAAP juniors MVP Shaina Nitura, Ateneo de Manila University and University of the Philippines (UP) and University of the East  (UE) are also in play.

But the mindset for the Lady Bulldogs is simple: Hunt or be hunted.

NU opens its campaign against La Salle on Sunday at 3 p.m. as the four-peat champion Bulldogs eye to extend their dynasty against the Green Spikers at 11 a.m. in the men’s side. Other duels are Ateneo-Adamson in men’s and women’s at 9 a.m. and 1 p.m., respectively.

Rolling the red carpet are Santo Tomas and FEU on Saturday at 3 p.m. after the battle of their men’s teams at 11 a.m. UP then takes on UE in men’s and women’s at 9 a.m. and 1 p.m., respectively.

NOTE: The UAAP will implement a new award in Best Foreign Student-Athlete separately from the MVP, which will now be given to the highest-ranked local athlete, in sports with statistical points as basis starting in volleyball and later on basketball.

The UAAP said the decision, approved last season, will ensure that foreign student-athletes who dominate the statistical leaderboards receive proper recognition while maintaining the prestige MVP award for the top-performing Filipino player. — John Bryan Ulanday

Edu, Malonzo rejoin Sotto-less Gilas in Doha Cup

Game on Friday
(Qatar University Sports Arena⁣, Doha)
8:30 p.m. (Saturday 1:30 a.m. Manila time)
Qatar vs Philippines

GILAS Pilipinas looks to harness the defensive abilities of comebacking mainstays AJ Edu and Jamie Malonzo as the Nationals tweak their approach sans ACL-hit center Kai Sotto.

The 6-foot-10 Mr. Edu is finally on board after missing the entire campaign in 2024 due to knee injury while the 6-foot-7 Mr. Malonzo is back after being sidelined by calf injury last April.

The two rejoined the Nationals as they left for Qatar on Thursday for their stint in the second Doha International Cup in Qatar. Coach Tim Cone’s crew kicks off its bid against the hosts no less on Friday at 8:30 p.m. (Saturday 1:30 a.m. Manila time).

“No one’s going to fill in the shoes of Kai Sotto. He’s so unique, he’s a unicorn and no one can do what he does for us so that’s not something we’re going to worry about,” Mr. Cone said in an interview on Play by Play on One Sports.

The multi-titled mentor said the team will “wait with bated breath” for the 7-foot-3 Mr. Sotto to recover from the major knee injury that he sustained while playing in Japan.

“In the meantime we just got to do a different approach. AJ Edu is going to join us for the first time. He’s a great defensive player. Jaime (Malonzo) is going to join and he’s a really good defensive wing. So we’re hoping those guys can really elevate our defense and contribute that way,” he said.

“They’re not going to make up for Kai’s (Sotto) offense and you know we still got June Mar (Fajardo) and Justin (Brownlee) and Dwight (Ramos), our guards Scottie (Thompson) and New (Chris Newsome). And the way Carl Tamayo and Kevin Quiambao are playing in (South) Korea, they’ve lifted their games at different levels, so we’re going to expect more from them as well.”

The Doha meet will test Gilas in a grueling daily schedule against tough Middle Eastern teams — something Mr. Cone and Co. feel will be a good dry run and prep for the actual FIBA Asia Cup tournament set in August in Saudi Arabia.

After Qatar, the Nationals will duke it out with Lebanon on Saturday at 6 p.m. (11 p.m. Manila time) then Egypt on Sunday at 8:30 p.m. (Monday 1:30 a.m. Manila time).

Immediately after, the Filipino cagers will fly to Chinese Taipei and New Zealand to wrap up their slate in the FIBA Asia Cup Qualifiers on Feb. 20 and 23, respectively. — Olmin Leyba

Del Monte cruises to 9-point win in PAL Interclub

PAL

BACOLOD CITY — Yoyong Velez and Raul Minoza fired on all cylinders to lead Del Monte to a successful title defense in the Philippine Airlines (PAL) Senior Interclub tournament at Negros Occidental Golf and Country Club in Bacolod City on Thursday.

Messrs. Velez and Minoza each carded 53 points, helping Del Monte turn what was expected to be a fierce competition into a surprising and dominant victory.

“We thought we had the strongest team in the final round,” said Mr. Velez, the long-time team captain. “Our strategy paid off.”

It marked the first time Del Monte won the tournament outside its home course.

“Nobody can say now that we can’t win outside Del Monte,” Mr. Velez said, paying tribute to his teammates for their dedication. “We have been practicing every day for the last month.”

With Crispin Aparilla adding 47 points, Del Monte posted a tournament-best 153 points, securing a nine-point victory over Luisita and Manila Southwoods.

Del Monte made its move early, taking a three-point lead over Luisita at the turn. Mr. Minoza was 1-under, while Mr. Velez was even par. Both players faced challenges in the last two holes.

Mr. Minoza made a double bogey on the 17th after his approach shot veered left into a flower bed. He was given a free drop but couldn’t save bogey.

On the other hand, Mr. Velez mishit his three-wood second shot after opting to lay up on the 18th.

“They forwarded the tee. I was torn between going over the pond or playing it safe. I had a poor tee shot and was in a bad position for my next shot,” Mr. Velez explained.

Despite taking a penalty drop, Mr. Velez managed to save double bogey for one point.

In the end, they had nothing to worry about. No team came close to challenging Del Monte’s title-defense bid.

Luisita took second place, edging Southwoods via countback. The Tarlac-based squad posted 143 points, with contributions from Ronnie Littaua (49), Steven McDonald (48), and Rolando Punzalan (46).

Southwoods rallied with 146 points to tie Luisita. Don Breganza matched Plana’s 51 points, while either Thirdy Escano or Rusty Bayani’s 44 counted.

Canlubang finished fourth with a total of 559, following a closing 140. Damasus Wong shot 49, while Santiago Santos and Josefino Hernandez added 46 and 45, respectively.

The 76th staging of the PAL Interclub is supported by Platinum sponsors PRIMAX Broadcasting Network and Asian Journal.

Mastercard is a gold sponsor while RMN is a silver sponsor.

ABS-CBN Global is joining as a bronze sponsor while VISA, Philippine National Bank, SM Bacolod, Tanduay and Asia Brewery are minor sponsors. Citadines is a hotel partner.

New Taipei outlasts Meralco in double overtime thriller

TAIWAN’S New Taipei pulled the plug on Meralco’s Final Four bid in the East Asia Super League  (EASL) with a 106-96 double overtime victory on Wednesday night at the University of Taipei Gymnasium.

The Kings wiped out the nine-point lead the Bolts seized in the last seven minutes of regulation then outlasted the reigning PBA Philippine Cup kingpins in the final push to claim the last seat to the F4.

The Taiwanese club finished Group B at second with 4-2 and joined topnotcher and early qualifier Ryukyu Golden Kings (5-1) in the next round. The Kings earned the right to face Group A No. 1 Hiroshima Dragonflies (5-1) in the KO F4 slated March 7 in Macau, where Ryukyu is up against Group A No. 2 Taoyuan Pauian Pilots (4-2).

The Bolts wound up fourth in the group with 2-4, left to rue their failure to finish off the Kings in regulation.

The first extra time was almost disastrous for Meralco if not for Jansen Rios, who hit a triple at the buzzer to knot the count at 91-91. But the charges of Luigi Trillo failed to stop New Taipei from racking up nine unanswered points in the second OT that ultimately put the game out of reach.

DJ Kennedy shot 21 points to pace Meralco, which missed out on the EASL semis three days after falling short in the PBA Commissioner’s Cup quarterfinals sudden death against Barangay Ginebra back home.

Chris Newsome netted 17 points while Mr. Kennedy’s import partner Akil Mitchell produced 15 points, nine rebounds, and eight assists while battling back spasm. — Olmin Leyba

The scores

New Taipei 106 — Sakakini 31, Daye 24, Lin 19, Manigault 19, Lee 13, Chen 0, Chien 0, Lu 0, Su 0, Hung 0, Lin CP 0.

Meralco 96 — Kennedy 21, Newsome 17, Mitchell 15, Quinto 15, Rios 11, Hodge 10, Black 5, Kouame 2, Cansino 0, Banchero 0.

Quarterscores: 24-25, 42-44, 57-67, 78-78, 91-91, 106-96.

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